Scharf, chairman and CEO of Bank of New York Mellon, takes over at Wells Fargo as CEO and president on Oct. 21.
Boeing Chief Executive Dennis Muilenburg speaks during a press conference after the annual shareholders meeting at the Field Museum on April 29, 2019 in Chicago, Illinois. Boeing announced earnings fell 21 percent in the first quarter after multiple crashes of the company's bestselling plane the 737 Max. CEO Dennis Muilenburg will testify before House lawmakers next month following two fatal crashes of the 737 Max, the manufacturer's best-selling plane.
Boeing and the Federal Aviation Administration are facing several investigations and intense scrutiny over the development and approval of the 737 Max. Those planes have been grounded since mid-March following two crashes within five months of one another. The hearing before the House Committee on Transportation and Infrastructure is scheduled for Oct. 30.Trending Now
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